CHINA’S DEVELOPMENT PLANS IN TURKEY

The second biggest country of world trade China, focused on
logistics, energy, electronics, tourism and real estate investments in Turkey.
After the entry of country’s two largest banks, Bank of China and ICBC to Turkey, it has
accelerated the entries of Chinese companies to Turkey and the number of
Chinese companies in Turkey reached one thousand.

Ambassador of the People’s Republic of China to Ankara Deng
Li said, ” China’s investment in Turkey now, $ 2.8 billion. The number of
Chinese staff in Turkey 8 thousand. The sectors we are interested in investing
are expanding. For example, a company from Jiangsu province, has invested a lot
recently for textile factory in Turkey. The conferences between Turkey and China
on finance, energy and the other subjects are going on. The commercial
relationship between the two countries will develop faster in a short time. One
of the main objective, to reach $ 6 billion by the year 2021 when it comes to
the level of investment volume from China to Turkey.”

DEIK / Turkey-China Business Council President Murat Kolbaşı
noted that the total trade volume between the two countries to 23 billion
dollars by the end 2018.

Kolbasi said, “The 20 billion dollars of it is imports,
$ 3 billion is exports, we have a deficit of $ 17 billion, in order to
eliminate this, Turkish companies need to make more exports there.”

Kolbasi, who provided information on the 2021 targets of the
Ambassador of the People’s Republic of China in Ankara, Deng Li, said:

“The exports number from Turkey to China is 3 billion $
and wants to double it until 2021 with an aim of 6 billion $. The investment is
about $ 2.8 billion from China to Turkey. It is wanted to be doubled as well,
so it is planning to increase the investment to $ 6 billion. Tourism has 800
thousand goals, 400 thousand at the moment, there are targets to double it, but
I say 1 million 200 thousandBecause I find the development of tourism easier. My
expectation in 2021, the number of tourists to 1 million 200 thousand. “

Explaining that the studies on the visa, Kolbasi said,
‘Although it is not at the desired level, that significant improvements were
made according to many countries.’

Each year, 120 million Chinese travel abroad and spend about
300 billion dollars. To keep the increase in the number of Chinese tourists
coming to Turkey, it is noted that it should be given more importance
especially to the hotel’s culinary culture of ChinaDue to the rapidly growing
Chinese tourists, some hotels are adding rice porridge to breakfast menus. In
addition, as there are many less people talking English among Chinese tourists,
it is needed to employ Chinese speaking staff in Turkey to get more share in
this big tourism cake.

Summary

Article Name

CHINA'S DEVELOPMENT PLANS IN TURKEY

Description

The second biggest country of world trade China, focused on logistics, energy, electronics, tourism and real estate investments in Turkey.